CHICAGO, June 2, 2021 /PRNewswire/ --
- End of season U.S. corn production is forecast at
14.5B bu with a yield of 173.5
bu/ac. This compares to the USDA's 15.0B bu of production and 179.5 bu/ac
yield.
- End of season U.S. soybean production is forecast at
4.3B bu with a yield of 49.5
bu/ac. This compares to the USDA's 4.4B bu of production and 50.8 bu/ac
yield.
- Free semi-monthly crop production and yield estimates for
the U.S. and major production areas are available through our
U.S. Crop Production Report.
- Access daily yield and production forecast updates
through cmdtyView Pro.
Barchart, a leading provider of data services, software and
technology to global commodity buyers, agriculture, and the food
supply chain, announces their initial 2021 Yield and Production
forecasts for U.S. corn and soybeans - which both indicate downside
risk to the USDA's projected figures from May's WASDE report.
Released for free to the public on the first Tuesday of each
month during the growing season, and available to clients through
daily updates, Barchart's Crop Production and Yield Forecasts
provide users with decision support for crop marketing and
ingredient purchasing ahead of traditional forecasts from the
USDA.
"Throughout the 2020 growing season, we provided commodity
buyers, ag lenders, and crop marketers with timely U.S. production
and yield forecasts before each official USDA crop production
forecast each month," says Barchart CEO Mark Haraburda. "Our initial 2021 forecasts
suggest potential downside for both corn and soybean production
relative to USDA numbers, and we're pleased to provide these
insights to the public."
"Users can access Barchart's national forecasts through our
public monthly release; our national and state forecasts via the
free bi-weekly U.S. Crop Production report, or daily updates of
national, state, district, and county-level forecasts in
cmdtyView," added Haraburda. "Starting in July, they will
also be able to view crop production and yield forecasts for
Canada, providing public access to
the entire North American supply side of grain."
To get enhanced access to Barchart's insights on crop production
and yield, sign-up for our free U.S. Crop Production Report, access
daily updates by subscribing to cmdtyView Pro, or use our
enterprise-grade APIs.
To receive Canadian Crop Production and Yield Forecasts starting
in July, sign up for our free Canadian Crop Production Report.
In addition to crop production and yield forecasts, subscribers
to cmdtyView Pro have access to the latest proprietary data
products offered through Barchart's cmdty product line. This
includes newly released data sets from the cmdty Pricing Network,
which consists of leading data contributors in Ag, Energy, Metals,
Food and Beverage, and Renewables.
About Barchart
Barchart is a leading provider of
market data and services to the global financial, media, and
commodity industries. Our diversified client base trusts Barchart's
innovative Solutions across data, software, and technology to power
their operation from front to back office, while our Media brands
enable financial and commodity professionals to make decisions
through web content, news, and publications. For more information,
please visit www.barchart.com/solutions.
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SOURCE Barchart